Equities in Canada’s largest centre faded from the previous session’s levels, with resource interests primarily to blame.
The TSX tumbled 180.07 points to conclude Tuesday at 19,754.14.
The Canadian dollar shed 0.1 cents to 75.59 cents U.S.
Gold stocks were roughed up, mostly, Iamgold, hit 22 cents, or 5.8%, to $3.56, while Equinox Gold gave up 30 cents, or 4.9%, to $5.82.
In materials, Hudbay Minerals dipped 34 cents, or 4.9%, to $6.60, while MAG Silver stumbled 68 cents, or 4.3%, to $15.12.
Energy stocks also struggled, with Athabasca Oil losing nine cents, or 3.2%, to $2.73, while Tamarack Valley handed back 10 cents, or 3.1%, to $3.14.
Consumer staples tried to balance things out, with Jamieson Wellness accumulating 38 cents, or 1.3%, to $29.84, while Metro taking on 41 cents to $71.56.
In consumer discretionary stocks, Canadian Tire picked up $2.75, or 1.6%, to $174.95, while Restaurant Brands International jumped $1.32, or 1.3%, to $101.09.
In utilities, Capital Power grew 58 cents, or 1.3%, to $44.93, while Algonquin Power grabbed a dime to $11.21.
Eight of the 12 TSX subgroups were lower by Tuesday’s close, with gold stocks down 2.8%, materials surrendering 2.4%, and energy off 2.1%.
The four gainers were led by consumer staples, ahead 0.3%, consumer discretionary stocks up 0.2%, and utilities, eking up 0.1%.
ON BAYSTREET
The TSX Venture Exchange fought its way into the green 0.45 points to 612.75.
ON WALLSTREET
Stocks fell Tuesday, the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather.
The Dow Jones Industrials fell 245.25 points to end the session at 34,053.87.
The S&P 500 lost 20.79 points to 4,388.30.
The NASDAQ index finished negative 22.28 points to 13,607.29.
Markets in the U.S. were closed Monday for Juneteenth.
Decliners outpaced advancers on the New York Stock Exchange two to one on Tuesday. Energy was the biggest laggard in the S&P 500, with the sector falling more than 1%. Meanwhile, Intel, Nike and Boeing dragged on the Dow, each down by more than 3%.
In contrast, homebuilders outperformed following a stronger-than-expected housing report. PulteGroup, D.R. Horton and Lennar were each higher by more than 1%. Elsewhere, Nvidia also bucked the trend, up more than 1% while the major indexes sagged.
In earnings, investors will look toward a quarterly report from shipping giant FedEx on Tuesday after the closing bell.
U.S. housing starts topped estimates in May. There were 1.63 million starts last month, which was higher than the 1.39 million housing starts expected by economists polled by Dow Jones.
Prices for the 10-year Treasury recovered, lowering yields to 3.73% from Friday’s 3.77%. Treasury prices and yields move in opposite directions.
Oil prices fell 84 cents to $70.94 U.S. a barrel.
Gold prices dulled $21.80 to $1,949.40 U.S. an ounce.
